The @MandalaChain is a blockchain backed by Indonesia and secured by @Polkadot. Learn more about @MandalaChain and the country that is one of the major forces in the crypto world in this article.

@MandalaChain is centered in Indonesia, the 4th-largest population in the world, with competitive advantages from local and governmental partners.

• Madya Main Network (mainnet)
• Niskala Test Network (Testnet)

Indonesia Stats

• Ranks 7th in the Chainalysis Global Crypto Adoption Index.
• 18.25M crypto users from January to November 2023
• The monthly increase in registered customers averaged 437,900, with Java Island dominating at 63.6%.

Crypto assets are treated as commodities

Bali Blockchain Center

The country's aggressive advancements in web3 are confirmed with the establishment of the @blockchainbali. It serves as a hub for blockchain technology, providing a platform for education, collaboration, and innovation, to foster a vibrant blockchain ecosystem in Bali and beyond. https://baliblockchain.center

Mandala Chain Polkadot Tech

A blockchain-based on the Substrate @Polkadot SDK. It is written in the #Rust programming language and compiled to Native and #WebAssembly runtime. Also, it supports smart contracts natively and is compatible with WebAssembly (ink!) and EVM (Solidity).

Kapeng Token

The native token KAPENG ($KPG) is an homage to an ancient currency that circulated in Indonesia in ancestral times.

• Transactions: pay fees
• On-chain Governance: decentralized decision-making

Entities (Operational, Engineering, and Community)

• The Mandala Chain Foundation: governs the token, and treasury.
• Baliola: tech gov, blockchain maintenance, research, development, and security.
• Republik Labs: responsibility for community and ecosystem growth.

Indonesian regulatory sandbox

The Financial Services Authority has created a regulatory sandbox aimed at fostering innovation while ensuring regulatory supervision by OJK Regulation. 97 companies have completed the registration process for OJK's regulatory sandbox.

Data protection use case

One of the use cases developed with the Indonesian government was to educate about the benefits of blockchain and then create infrastructure for data protection (belonging to citizens).

MEDBLOCK use case

Another use case where blockchain will serve is the requirement for all med prescriptions to be issued and used electronically, which generates the need for a decentralized and trustworthy system for data storage and medical records.